Real Estate

2-8a Rutland Gate in Knightsbridge was bought by a Hong Kong investor for $264 million Beauchamp Estates London’s prime housing market is seeing strong interest from Hong Kong and mainland Chinese buyers, with real estate agents reporting above-average levels of investment. London-based estate agency Beauchamp Estates reports that over the past 6 months it has sold

Signage stands outside the Freddie Mac headquarters in McLean, Virginia, U.S., on Monday, May 11, 2020. Andrew Harrer | Bloomberg | Getty Images The number of borrowers in government and private sector coronavirus-related mortgage bailouts just fell by the largest weekly volume since these plans were put in place. There are, however, warning signs that

Craig Conover brings Sewing Down South to HSN. HSN Craig Conover might be best known for the hit Bravo reality show Southern Charm, but pillows are making him a household name. The handsome bachelor is probably the last person most would image has a natural eye for home décor, but he proved everyone wrong when

A pedestrian stands in front of a Manhattan condominium building in New York. Mark Abramson | Bloomberg | Getty Images Manhattan apartment sales in the second quarter saw their biggest decline in 30 years, and worst quarter on record, as the real estate lockdown and urban flight after the Covid-19 crisis put a freeze on

Startup Lyric is shutting down most of its business travel rental locations as its cofounder and … [+] president steps down. Getty Lyric, a short-term rental startup that raised $180 million from Airbnb and other investors, has shuttered all but one of its locations, making it the latest travel company to be defeated by the

Aerial view of the home of Ghislaine Maxwell in Bradford, New Hampshire. NBC News Ghislaine Maxwell, the accused procurer for dead convicted sex criminal Jeffrey Epstein, was arrested Thursday at a New Hampshire home purchased for $1 million last December by a “legal entity” The entity was created after the homeowner’s real estate agent balked

Owner and Qualifying Broker at Rhino Realty Property Management and Rhino Realty B&B, entrepreneur, investor, advisor, author and speaker. Getty With the current climate of the world, everyone in the real estate industry is doing the best they can to navigate ever-changing rules and regulations. Historically speaking, the role of a property manager has always had its

Martin Braithwaite #19 of Barcelona during the Barcelona V Real Sociedad, La Liga regular season match at Estadio Camp Nou on March 7th 2020 in Barcelona, Spain. Tim Clayton | Corbis | Getty Images International soccer star Martin Braithwaite and his business partner Philip Michael are on a mission to convert 100,000 Black women and

Founder and CEO of SmartRent, an enterprise home automation and internet of things platform for the multifamily industry. Getty Amazon has changed our expectations as consumers. While it was once necessary to visit a number of stores to buy clothes, books and household products, it can now all be delivered through one e-commerce platform, often within

A real estate agent readies a house for viewing in Venice, Calif. Anne Cusack | Los Angeles Times | Getty Images The surge in mortgage demand from homebuyers over the past two months appears to be waning, even as mortgage rates continue to drop. Mortgage applications to purchase a home fell for the second straight

This has been a period like no other in the past century. We will have to wait through the third … [+] quarter to see its actual ongoing impact on residential, retail, and commercial prices, but one thing seems certain. How we use the built spaces around us will never be quite the same again.

EmirMemedovski As the coronavirus pandemic stretches on and the U.S. economy remains mired in a recession, many Americans may be struggling to come up with cash.  Almost half of the population is still out of work, according to the Bureau of Labor Statistics. The employment-population ratio, which is the number of employed people as a

Nate Baker is the Co-Founder and CEO of Qualia, a digital real estate closing platform.  Getty In today’s world, you can buy almost anything on your phone and have it delivered to you. And with the Covid-19 pandemic forcing the world toward contactless interactions, online shopping has become a fundamental part of daily life. But even

Focqus, LLC | iStock | Getty Images New monthly data from apartment rental platform Zumper shows San Francisco rents were down nearly 12% year over year in June, making the city’s decline the largest in the nation, and a record slide for San Francisco.  It’s also the second consecutive month San Francisco rental prices have

Hardware can change everything. Lauren Carnes Photography Sometimes less can be more. This is especially true when it comes to hardware. This small accent can make a major design impact. The difference between gold and silver, chrome and copper, or black and white can change the entire look of a kitchen or bathroom. Swapping out

Palisades Park In Santa Monica overlooks the Pacific Ocean Getty Here’s are some of the least expensive homes for sale in the most expensive ZIP codes. Savvy buyers often trade off a smaller home sometimes on a main street to live in a desirable neighborhood. The problem today is finding those homes is a challenge.

ROBERTO SCHMIDT It’s impossible to think about racial injustice in the U.S. without looking at the distribution of dollars.  In many ways that Americans work to establish themselves financially — through the stock market,  net worth and homeownership — Black families trail White families. “To put it simply, we don’t have a level playing field,” said Evelyn Brodkin, an

Real estate firms are getting creative in marketing their multifamily developments. Victor Group During the first week of Phase Two reopening in New York City, Manhattan new listings were up 97% year over year and up 56% week over week, according to according to real estate market data firm UrbanDigs. However, demand still isn’t meeting

A for sale sign is seen in front of a home as the National Association of Realtors released a report showing that home sales dropped in December of 2017 on January 24, 2018 in Miami, Florida. Joe Raedle | Getty Images Home prices continued to strengthen in April, despite a national economic shutdown and a

Pending home sales staged a historic rebound in May. Los Angeles Times via Getty Images Pending home sales across the nation made a major comeback in May, seeing encouraging record-breaking contract activity after two previous months of declines brought on by the increasing impact of the coronavirus pandemic. The National Association of Realtors reported that

Mezzanine loans are often the riskiest piece of the real estate capital stack. These lenders will suffer the first loss if the value of the collateral goes down. If the loan defaults, they also have the fastest enforcement tool in the foreclosure tool shed: the ability to hold a Uniform Commercial Code foreclosure sale, a

Pending sale realtor sign Daniel Acker | Bloomberg | Getty Images Pending home sales spiked a stunning 44.3% in May compared with April, according to the National Association of Realtors. That is the largest one-month jump in the history of the survey, which dates back to 2001. It beat expectations of a 15% gain. Sales

Startups are offering alternatives to traditional security deposits, which can free up thousands of … [+] dollars for renters. Getty In May, New York Governor Andrew Cuomo extended the eviction ban through Aug. 20 and gave tenants the option to cover rent with their security deposits. The order requires renters to pay back the security

Before refinancing, homeowners should consider the goal and cost of doing so. In light of the … [+] coronavirus, they should also inquire about any changes in the loan requirements as well as the effects of forbearance. Getty Largely credited with keeping the housing market brisk during the coronavirus pandemic, mortgage rates have recently dipped

Call it what you will. The Covid-19 pandemic. The Great Lockdown. The Coronavirus Recession. Whatever label you give it, it remains unprecedented. Never in history has more than 60 percent of the global population come under this kind of lock-and-key restrictions all at once. The effects of the shutdowns range country to country. But in

Brokers are seeing foreign buyers looking to scoop up real estate deals in Manhattan. Getty As the New York real estate industry navigates a new normal of slow sales and an oversupply of luxury listings, investment interest is coming from an unexpected place — Italy. Italian buyers, seeking a place to park their money as

A passenger walks through Reagan National airport as the novel coronavirus (COVID-19) pandemic continues to keep airline travel at minimal levels and the U.S. economy contracts in the first quarter at its sharpest pace since the Great Recession, in Washington, April 29, 2020. Kevin Lamarque | Reuters Direction requests Data from navigation tool Apple maps

Palm Springs’ luxury market is seeing increased activity Getty Here’s the luxury housing market update from realtor.com.  The latest numbers tell a positive story according to Javier Vivas, realtor.com’s director of research. “I was surprised when I saw the data telling us luxury buyers are back in full force.”  As stock market volatility continues Vivas,

Founder, managing member of PointOne Holdings, owners of a diversified portfolio of multifamily assets valued in excess of $730 million Getty As cities and businesses begin to reopen following weeks or months of stay-at-home orders, many sectors of the economy face the reality of a downturn. Amid that climate of uncertainty, multifamily remains strong as an

Bruce W. McNeilage, CEO Kinloch Partners. Getty With over 40 million people applying for unemployment benefits since March, it is clear that the Covid-19 pandemic is having a significant ripple effect on the economy. One of the main sectors impacted appears to be new home construction. Consider these statistics: • U.S. housing starts dropped by 22.3%